GBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
The current technical structure suggests that the USDCHF remains pressured into a risk of a further decline in price. The appearance of a strong reversal pattern on the 4H timeframe gives me added reason to hold a bearish bias for the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...
The decline of the Greenback accelerated following the release of US economic data and bottomed at 136 to test the bullish trendline identified on the daily time frame hereby reaching its lowest level in two weeks. Now, the question is: Is price action going to respect or breakthrough the bullish trendline during the new week? In this video, I have explained how...
It has been a long bearish drive for the Pound sterling and the long-awaited US dollar correction appears imminent as we head into the new week. In this video, I explained how I intend to take advantage of either bullish or bearish momentum this week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.)...
Unlike the US economy, this week is packed with economic data that has the potential of driving the momentum of the Euro. From a technical perspective, I have identified simple structures on the 4H timeframe that will be of major assistance in helping us prepare ourselves for trading opportunities lining up for us this week. Risk Disclaimer: Margin trading in the...
Price action has been caught within a supply and demand sandwich in the last 3 months to confirm the indecision that has gripped the market after a bearish prior leading price action. Could we be expecting a bearish momentum this week? In this video, I explained how we could take advantage of a bearish momentum if we finally witness a breakdown of the bullish...
As we head into the new week, a break above the key level at $0.68700 might open room for bullish momentum. In this video, I explained how to take any potential opportunity - be it bullish or bearish. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all...
The price createad a W pattern on 4h Timeframe inside an ascending channel, and now the price is testing the 4h support above the daily structure. the market could retest the W neckline How to approach it? IF and ONLY IF the price is going to lose support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure ->...
The Greenback relinquished some of its profit on the last day of last week's trading session to close below the key level identified at the C$1.29000 area to set the tone for a possible trend continuation to the downside. This video explains how I intend to trade the appearance of a selling set-up on the daily timeframe. Risk Disclaimer: Margin trading in the...
Despite finding a low at around 93.700 area after Australia’s S&P Global PMIs for June; we witnessed a uniform bullish engulfing candle afterwards emphasizing the strength of the buyers at this juncture in the market. In this regard, I have identified a demand zone around 92.500/93.000 which appears to have been a buying niche in the last 10 days. So in this...
The Canadian dollar appears to be gaining momentum on the back of lower Treasury yields and weaker US data as we head into the new week. From a technical perspective, the multiple rejections of the 1.030500 area in the space of a month further emphasize the strength of the sellers at this juncture in the market hereby raising my inclination for a selling...
The AUDUSD broke above $0.6900 to test the $0.6950 area on Friday, herby reaching the highest level since the last time it broke down from this area (early days of last week) to set the tone for a potential bullish momentum in the coming week. In other to make the decision easier, I have identified a key level at the $0.6900 area to guide our actions going forward...
It is obvious that the AUDJPY displayed extremely volatility after the announcement of the interest rate policy by the Bank of Japan (BOJ) as the policy stance remain unchanged. From a technical perspective, I am of the opinion that the Yen might decline in the new week considering the long-term bullish strength of the Aussie as we witnessed multiple rejections by...
The US Federal Reserve delivered a 75 bps rate hike (the largest hike since 1994), triggering recession fears which might ripple across the major pairs in the week. Also, the ECB pre-announced it would hike rates by 25 bps in July; it is obvious that lifting rates also mean higher borrowing costs. Amidst all these development and from a technical perspective, I am...
With a reversal pattern in the form of an inverse head and shoulder on the 1H time frame; I am of the opinion that bullish momentum might be lining up as we head into the end of the week. So, this video explains how I intend to take advantage of the bullish move if it finally happens! Risk Disclaimer: Margin trading in the foreign exchange market (including...
The identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens. Risk Disclaimer: Margin...
OANDA:AUDUSD A head and shoulder pattern formation on AUDUSD is a sign of a possible reversal in price direction. Should price break support/neckline. we go short on AUDUSD.
The recovery of the Pound from its previous low at 1.87100 appears to be dissipating as buyers find it difficult to push the price above the key level identified at 1.96700. During the course of last week's trading, we witnessed multiple rejections of this key level to give an insight into the weakness of the buyers and going into the new week, I am looking...